BALL vs PPG: Correlation
How closely do Ball Corporation (BALL) and PPG Industries (PPG) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and PPG?
Across a 3-year window, the weekly returns of BALL and PPG correlate at 0.50, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.50). Stretching to 5 years gives 0.53, with an annualized covariance of 344.0 %².
By 3-year correlation, PPG places #18 of the 41 assets tracked against BALL. The last year tells two different stories: BALL led by 19.1 percentage points, +22.9% for BALL against +3.8% for PPG. Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.65.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BALL vs PPG: side by side
| BALL (Ball Corporation) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | +22.9% | +3.8% |
| 5-year return | -29.3% | -22.0% |
| Volatility (ann.) | 26.9% | 25.5% |
| Beta vs S&P 500 | 0.43 | 0.90 |
| Max drawdown (3Y) | -35.6% | -37.4% |
| Market cap | $16.8B | $25.2B |
| P/E (trailing) | 18.4 | 16.4 |
| Dividend yield | 1.25% | 2.48% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | BALL | PPG |
|---|---|---|
| 2022 | -46.2% | -25.7% |
| 2023 | +14.1% | +21.2% |
| 2024 | -3.0% | -18.5% |
| 2025 | -2.4% | -12.0% |
| 2026 | +20.4% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and PPG good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BALL and PPG?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.63 over the last year and 0.53 over 5 years.
Is PPG a good diversifier for BALL?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ball-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · PPG correlations
